The acquisition gives the family consisting of CEO Erik Nordstrom and President Pete Nordstrom a majority ownership stake in the company and comes at a time when department store chains across the U.S. are grappling with muted sales amid higher costs. Reuters had first reported in March, citing sources, that the founding family was looking to take the company private, six years after a similar attempt turned out to be unsuccessful.
Trying to solve the dinner dilemma? We've sampled the most popular delivery services on the market so you don't have to.
Donald Rose, who lives in a care home in Ilkeston, Derbyshire, will turn 110 on 24 December.